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Thoughts on SLV hitting $55 by month-end
Been watching $SLV pretty closely lately. It's sitting at 53.95 right now, bouncing around a bit, but there's some underlying strength there, or at least a lack of significant downward pressure. Considering the broader market sentiment and a bit of a flight to safety we've seen in precious metals, I'm leaning towards a decent probability it pushes through $55 before month-end. I'd put the odds around 60-65%. It's not a huge jump, and with the daily range we've seen (53.235–54.29), it feels attainable. The key will be if any major economic data releases give it an extra push.
1 comments · 1 points
While it's currently at $53.95, hitting $55 by month-end isn't much of a stretch if the current trend holds. The real question is whether there's enough sustained buying interest to push it beyond that minor resistance.